UK gov't proposes crypto rules in response to scams

">" alt="UK gov't proposes crypto rules in response to scams">The United Kingdom’s Treasury and Chancellor of the Exchequer, Rachel Reeves, have proposed new crypto rules aimed at “support[ing] innovation while cracking down on fraudsters.”In an April 29 notice, the UK government https://www.gov.uk/government/news/new-cryptoasset-rules-to-drive-growth-and-protect-consumers

from the Securities and Exchange Commission’s Hester Peirce.“Today’s announcement sends a clear signal: Britain is open for business — but closed to fraud, abuse, and instability,” said the notice. “The government will bring forward final cryptoasset legislation at the earliest opportunity, following engagement on the draft provisions with industry.”This is a developing story, and further information will be added as it becomes available.

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